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own demise. we will have the latest on the president's $2 billion bright idea in green energy. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciatet. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need aally. ally bank. your money needs an ally. you e gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcardsom. comparhundreds of cards from all the major banks toind the one that's right for you. it's simple. search, compare, and apply atreditcards.com. first round's on me. ♪ lou: president obama making a left turn on energy, playing back to his environmental base of delaying decisions on the keystone xl pipeline. the american petroleum institute joins us with industry reaction in just a moment.
on the president's $2 billion bright idea in green energy lou: president obama making a left turn on energy, playing back to his environmental base of delaying decisions on the keystone xl pipeline. the american petroleum institute joins us with industry reaction in just a moment. consumer confidence slipping unexpectedly in march. the dow record-setting run in the at eight sessions. the market putting to rest a tense session when streak as well today. the dow down a modest 25 points, as an pylos twond a half, still within five points of its all-time high. there is always next week. the nasdaq down ten points. 5 billion shares traded on the big board. the heaviest trading day of the year so far for the week. the major market indexes are all higher. the dow leadg the way. in the bond market, rates slipping. the ten year treasury ending the week up to even. gold and crude finishing the we got hired. crude oil up to 77 of the past two weeks, now 9345 per barrel. in the former j.p. morgan chase executives in charge of the unit responsible for the london will operation and $6 billion in losses r
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documentary aims to knock out the nuclear energy industry but is it a lot of hot water? dennis kucinich and his wife elizabeth are behind it. they're here to explain. it is fascinating. you don't want to miss it. visit the doctor, get free groceries. did you hear about this? did the government okay kick backs to lure medicare patients into the office? you've got to hear this one. more "money" coming up. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prosp
with a renewable energy lab and illinois. what is a renewable energy lap? pushing for more spending. china is pushing to invest $50 million on natural-gas. could be starting. we have massive amounts of natural gas, as you know, but the white house is kind of fickle on fracking all of that. in fact, some are saying even a fraction of that. this china think to my you in ambassador john bolton. good to have you back. what do you make of this? obviously china wants in. they are not dump. what do you think they're looking at? >> chinese energy policy is sort of mitt romney's energy policy. all of the above. they had a huge demand for energy. in energy poor country. oil, natural gas, nuclear, you name it and thereaftert. the fact that they're looking at liquefied natural gas for propulsion of vehicles and doing it in this country, it reflects the they're doing it there as well. what are we doing? we have a president hitting stars can be run without gene windmills'. i think the chinese are taking a very practical approach. more practical than our administration, and it worries me. neil: you know
get the bomb. why have we not tried? why are we not developing our own energy resources so that then the iranian energy resources are far less important ? lou: even with energy independence on our horizon, with an access. we will see over the course of the next year the united states oil production reached the same level as import. the milestone. by 2022 it will be energy independent. as you suggest, a program could achieve that reality much sooner . you're really saying the president obama's wasted the last four years? >> you betty has. there have been some things they have done ight. the cyber attacks have been great, but the real problem is for the last hundred years the world has gone to war over access to energy. we have now been given the energy of a dream of a lifetime. we have energy independence within our grasp. oil, natural gas. then what happens? we don't need to be in the middle of every civil war because they have their own energy. lou: we have not address the energy -- issue central to our foreign policy go about -- over last two decades, and it's about damn
unlock all of the energy we - have here. that is holding us back. >> is that why opec's number down. jay carny mentioned this. this green energy initiative is much more important than everyone watching the show having lower energy billings. or employment. >> this is for adam and his buddies let us eat cake moment. >> there is not an elitist bone in adam's body. >> who cares if the working class people are not working. >> you said you would never go to north dakota. >> we have in new york state, you know, we should be fraking here. >> and why don't you -- you owe him an apology. >> adam in all seriousness, is there a connect between our going with frake opec now screaming? >> there is no question. in the span of a few short years we have gone from being concerned and dependent on opec to being close to achieving energy independence in the united stes. >> what has don that president's push for solar that hasn't panned out. >> no. >> or turning another eye on fraking and sort of letting that go and letting that do its thing? >> no argument. opening up. vast north american reserves much natu
't know what is going with the company but i believe what jonathan said about the need for clean energy. we need it. i frankly think global warming is an issue but if we don't do it -- as long as 99% of all noble scientists think it's an issue. i'm not a scientist and neither are you and they agree with me, i will say this. china is kicking our butts when it comes to green energy production. they are producing -- if we don'to it they are going to do it. to create green energy technology. >> eric: do we care if china produces a solar power panel that produces electricity four times the cost of a fossil fuel megawatt? >> god love them. anything that is uneconic the federal government tends to do. what business do they have to be in the automobile business for god's sake. why should the federal government be in any business. they can't run anything right. they can't but anything lose our money. it is costing you the taxpayer bundle of money to have the federal government get into anything. when you say to come back and substitute something when it comes economically feasible to do so, priv
the natural gas reserves. the finance energy advisors immediately hopped on a plane to russia. move over, harrison ford, vladimir putin might be the hero of this story. "varney & company" is about to begin. and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> it's wednesday, march 20th, the first day of spring. well, the season may change, but the same winds are blowing in washington. the white house continues to insist on maximum pain from sequester cuts. we're seeing more cuts used for political reasons instead of cutting back on things we don't need. speaking of that, more nonsense from senator harry reid indirectly linking the blast that killed seven marines in nevada to the automatic defense cuts. listen. >> it's just not appropriate, mr. pre
, but relaxed immigration policy more green energy, and increased spending on energy, period. advance education technology. that has been certainly, a very big heartfelt goal of yours, i'm reading it say, that is the administration's agenda, by and large. so, i guess, and i -- is it fair to say, you like the obama agenda more than you like the republican's agenda because the@ are again almost av u all of th? >> no, in the area of education, i think actual that's is one of the more bipartisan areas right now than most others, the idea that teachers need feedback, and that we need to bring technology in because the coasts are out of control, i think we're make progress in that because it is not that partisan, everyone wants great education. if you look at things like the aids program that gam came in wh the bush administration, that is bipartisan, despite the numeric challenge, i don't think that anybody wants to take aids drugs away from people in energy, i wish we could shift some of the subsidies for any form of energy, and increase research. and i don't think that is a democrat versus republ
agree with you, stuart. fantastic ideas, he's got energy and brings his neuro surgical background to the political table so people say what's that got to do with it, i don't know, the committee organizing has to do with politician, there's no political background, but the guy is refreshing, he's smart, he sees it and he speaks what most conservatives want to hear, that it's about smaller government not bigger government. it's about taxes not having to go up to do the same thing. think about this, this whole sequester joke, you know, the pr messaging thing that they put out here that was going to be so bad is failing on them. and the white house is trying to backtrack on all the pr they put out how bad sequestration was going to be. the reality sequestration only brings us back to where we were in 2012 and 2011 and even when you account for increase in medicare and medicaid spending. it really wasn't what they told us. stuart: you know, dr. carson is using pretty tough language and saying that the president is ruining the country. he uses that word, ruining. now he delivers it in a
. yes, everyone saw gasoline energy prices up 8 or nine percent. that hurts and stinkings is 10 percent . average person's budget. if it 100%, we woulde pulling our hai out. inflation across the board. food up two percent. it seems like a not but it is not unless you don't believe the numbers. >> no, healthcare and the cost of the college and energy prices and rent, all of tholce thgs are way up. >> remember want cpi is a formula and a big part of the formula is housing costs . because housing compts is low. we have close - foreclosure . they get skewed. but in the real world. when he's lying out in the chaise lounge and all kippeds out of college it affect gary. but the real people college goes up eight percent. their premiums am double with want obama care in the next few months and they have x amount to sphend. wages are not going up. that's where the squeeze is at. >> that is a good point, john. prices go up this much and wages stay here. >> first of all, i would like to say it is not because of the inflation it is a tax code that is more complicated. but getting to your point only
tap of our own energy resources here, but the boom from fracking makes this much very clear. it is ad goo day when it's the cartels whining about what we're doing and this time how it's costing them. anyway, just how big a deal is this more than a little pinch for opec? let's ask sandra smith and phil flynn. what do you think? >> they'll feel the pinch. this is going to be costly for them to the tune of citigroup has a drastic note in the month of february saying opec finds is challenging to last another 60 years. they are saying we have the ability to be energy independent in the next 20 years. they've even on some of the analysts say in the next five to ten years based on the shale boom here in the united states. we have the ability, according to the intergnarl energy agency, to overtake saudi arabia, the kingpin of oil production for opec in the next five to ten years. neil: that is assuming we keep going with fracking. >> that is assuming the environmentalists don't get in the way or private business still has enough incentive to do this, and that the government doesn't get in the
are watching for 1565. will it happen in the last hour of trading today? and driving this sector, the energy names. a little more on that later in the show. the financials, not only the second-best performer for the week, but also the top performer for the month. there is your spider right there. and it looks like no stress for the stress tests. the big banks are moving higher. the second round. we will have more on that coming up in just a moment. first, let's get right to our floor show. the new york stock exchange, the cme group, and, of course, the nymex. jonathan, our good friend, standing by. i'm curious, as we watch this is so close to this new level, the financials. what do you see? >> absolutely. this market trend higher and higher. like the slow pace of the we are seeing. spread across the board in different sectors. what does this tell me? it tells me, like we have been saying, that this rally is real. we announcing a lot of volatility in the markets. taking baby steps higher and higher. extremely healthy for the markets. over and over we keep seeing that. cheryl: and the economy
thing we can do is to make sure we control our own energy. so here's what i have done since i have been president, we have increased oil production to the highest levels in 16 years. natural gas production is the highest it's been in decades. stuart: that was the presidential debates. the president taking credit for america's energy boon. in fact, he has stood in the way of that boom, and it's not me that's saying this. it is the congressional research office. their latest report says, quote, direct quote, all the increase in oil and natural gas production from 2007 to 2012 took place on non-federal land. we do indeed have an energy boom, but it is not the result of the administration's policy on the federal land they control. it is the result of private enterprise, getting the oil and gas out of private property. the president slowed down the permitting process on federal land. he restricted offshore drilling. he got in the way of the energy boom. yet in the debate he took the credit. it was clearly good politics. he won the election, but it's lousy policy. if he would just get out of
energy companies moving in, you think, eventually, elliot, that makes this a bullish contract and play. there's plenty gas across the country, we produce it, but when you have players in the nat gas field, pun intended, that's when this goes up. >> oh, i agree completely. we need more uses for natural gas, end of the winter heating subpoena, coming into the summer, natural gas is not used. they use it to heat the pools, i suppose, but long term, people, the smallest vehicle you drive is a pickup truck powered by natural gas. if truckers and people use it as alternative fuel, then, yes, rally is inevident l because people come to the party, and, yeah, everybody buys, absolutely. cheryl: gentlemen, thank you for the floor show. good to see all ttree of you, appreciate it. >> thank you. cheryl: the markets, dow down 41 points. now, for the second day in the row the issue is cypress, worry about the mediterranean island we don't talk about; right? is it the beginning of a correction on the domestic front? what's that mean to u.s. investors? the next guest says it's another chance to buy in
'm a shareholder in the company. so i want you to know that. but clean energy fuels and they have done a tremendous job. ey will have i conjunction with pilot flying j, who are the biggt truck stop operators in the united states, they will have 150 stations on the interstate by the end of this year. so, it's happening and the chinese are seeing opportunity so they're going to try to move in on it. melissa: it is definitely happening. i look at like nearly half of all the garbage troubles operate here in the u.s. run on natural gas. we areeeing a lot of fleets transferred over because of carbon emissions. especially because of the fracking boom, we are seeing so much natural gas out there. let me ask you, are you making money on this so far? i mean has it reached critical mass to the point where it is returning profits to you? >> you aren't at the level where you're making a lot of money, but for instance, clean energy fuels, they have plowed everything back into the infrastructure. so, yes, if they stopped building, they would immediately start making money but, otherwise they are putting it back i
of energy conclude we can safely export natural gas, this is not even about a trade off between the economy and the environment. we can do these projects, prevents these projects will stop a lot of jobs from being created, it is not going to make a development in global emissions. it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. nee right now, we not only have a jobs problem. ne
inventory. that boosted shares of gas focused firms, wpx energy was the leader and best performer in the s&p today. other big gainers include chesapeake energy. exco is a favorite of wilbur ross, who is on later this hour with some of his tips. you don't want to miss that. barrett corporation was a stock recommended on the show earlier this week. you have to keep it here in the four hour. blackberry losing its gains midday after it rallied on news one of its customers we still don't know after 24 hours placed an order for one million blackberry 10s. maybe because we don't know who that is eventually the stock went in the red. it start in the green and but went into the red. >>> he is investors piled into belle established food stocks. four names hitting all-time highs. kellogg, kraft foods, j.m. smucker and mccormick and company all hitting highs today. the old established names sometimes do the best. so here's a question for you, how healthy are the big banks? healthy enough to spend cash on dividends and buybacks? at 4:30 p.m., about 29 minutes from now the fed releasing the latest revie
've got one we really need. >> absolutely. >> does the american action forum say anything on energy policy? we've had somebody on our program yesterday use today run shell oil. he says, look, if we get out there and get the energy that is ours, underneath our territory, you could set off a boom. he mentioned 7% growth. >> yes. >> to the american action forum say anything about that? >> we certainly look at the huge amount of regulations that have piled up on top of the energy industry the past couple of years and i think if you can alleviate a lot of that regulatory burden and let the private sector in energy grow and thrive, let us become more energy independent you're certainly going to see growth. >> the big problem is, i agree with your entire philosophy, but it lost the last election, or did it? i mean, what lost the last election? that's a good question. i hope you can come back and see us, appreciate you being here. >> thank you very much. stuart: let's see it's now 9:47, almost 48. the gold report we're above $1,600 per ounce, down just a fraction today. how about this? minimum wag
was through the roof. people have a lot of energy right now. i've never seen more people involved in entrepreneural activities in the last decade. think people are really, really excited. that energy, momentum begets more energy and more momentum. melissa: ryan, does that reflect how you feel? i was out with ceos from very large companies last week. they seemed to reflect they felt like everything in washington was a disaster. the economy was only feting better slowly. at the same time at some point you have to get on with your life. they're sort of putting blinders on with all of that andoving forward with their business plans. how do you feel? >> i think as a whole, america is as resilient a it gets. we've been a solution country instead of a problem country. i think for the most part we've been dealt a lot of bad hands in recent months and recent years. i think the positive outlook is contagious. i think --. melissa: in spite of all that? >> i mean yeah. people have to do what they need to do to survive. as a business owner you plow ahead. melissa: yeah. >> i mean i think you h
and telecom were the top performing sectors while energy and consumer discretionary leg. gold settled higher for the fourth day in a row closing of the highest level so far this month rising .4% to end a. housing starts climbed last month as they are beating rising demand. new construction rose .8% from a month ago to an annualized rate of 917,000. lauren: we have larry in the pits of the cme and our market panel with managing partner there, and the founder and president, let's start with larry at the cme, this is a headline driven market, some people are saying cyprus with a teacup. and the meeting tomorrow, how do you put this all together? the market was obviously confused. larry: this is the bottom line, a ton of chatter, very little real news right now. the market had been in a stalemate for quite a while. some macro headlines coming through europe the last couple of weeks. we had italy and the unknowns there. i think the issue is much bigger than that. david: we have adobe earnings after hours, what are the numbers? >> it is a beat. $0.35 on revenue of $1.01 billion, expecting 986.04 m
energy names. those names are red today. nicole? >> i'm going to show you the energy index, down there while gold, for example, is higher. mostly going to gring you to transocean to show you that it's one of the losers here, and we've seen all of these energy names with down arrows, but we're walking here to transocean, which, right now, is down 1.8%. you can see it there. that's certainly one of the laggards. we are seeing energy names under pressure, and a lot of the other names, devon, exxon, and they are lower. what's interesting about transocean, in particular, you may remember the chief executive of the company that owned the drilling rig that exploded in the gulf of mexico back in 2010 says the employees, quote, should have done more to avert that disaster, and don't forget, it killed 11 workers and caused the in this nation's worst offsl spill. the energy names are hurt today. back to you. >> nicole, thank you. ♪ day two of the series "tax pain" focusing on the buffet rule, the 30% minimum tax rate on growth adjusted income over a million dollars, less charitable contri
turning. u.s. competitive manufacturing, the kind of energy bill now we have been enjoying in the country, expanding. to the benefits of that. five and a half million jobs over the next few years. just for that factor alone. liz: i keep hearing that. yet it cannot just be the only thing. it cannot be the one leg. >> power of attorney. manufacturing in america being mildly topos competitive. more and more stories of coming back. in sourcing as we call it. the energy side. and also, technology, the idea that with all these smart devices that we have, tablet to smart phones, you are seeing an enormous amount of demand and increasing demand, accelerating demand, if you like, for wireless internet usage which requires faster. liz: we just lost our lead on the dow jones industrials. now we are down. if all of these issues stay in place that you feel will be the driver of a continuing raging bull, how high will the drive the s&p this year. >> were looking for 1650. we could overshoot earlier in the sense that our target. we are a little bit worried. europe continues to struggle, not necessarily
is looking to revive its atomic energy industry. back then it provided dirty% of japan's power. today only two reactors are back in action. despite all of that, my next guest is bullish. spencer abraham. a former u.s. senator in michigan. thank you so much for coming on the show. what is sentiment like towards nuclear in japan today. >> i think it is changing as time goes on. i think you are seeing the initial decision to curtail nuclear power. i think japan has realize it does not have a lot of natural resources. if it does away with nuclear, it will have to import a lot more oil and natural gas and other items and the much more dependent on trade to keep its energy sector going. i think they are slowly deciding that does not make sense for them. i think it is an encouraging sign. melissa: and fax, they cycle through brief prime minister's and not time. what is the damage like these days on the ground? >> it is still in the stage of, you know, being measured. i do not make you can judge. they are putting a lot of their focus on trying to monitor and determine the extent of the damage of t
costs because of energy more expensive. this is still the biggest market in the world. so great opportunity to do business here but also to export. >> reporter: the treasury secretary is right there behind me. so may get a shot of him as he walks by. he is getting an explanation from one of the plant managesers. we'll sit down here in another hour or so to talk with him and that interview will be airing at 4:15 eastern time this afternoon. dennis, back to you. dennis: thanks for the plug, peter barnes. it has been 587 days since s&p downgraded the u.s. what will that new treasury secretary do to get our aaa credit rating back. peter barnes will ask him at 4:15 eastern. don't miss it. melissa: my next guest think is it is important step to reducing the debt. he likens it to a 500 pound man to lose ten pounds. i love that. kevin brady is joint economic committee. he focused on other debt solutions. he joins me now exclusively. if you hear anything new, innovative or surprising in that hearing today? >> not necessarily surprising except across a very broad idealogical spectrum you'
will have oracle. connell: this company received nearly $200 million loan from the energy department hasn't provided any jobs yet and now laying off workers, so dan springer will come on and tell us what the latest is. dagen: here in the studio, mark burnett fro, executive pror of the hit miniseries "the bible." we will talk to him about satan, any resemblance to the president of the united states. we'll talk about world currencies and how they're holding up against the dollar today. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> announcer: you never know when, but thieves can steal your identity and turn you
is the best way to make money off of it so you can hedge a higher energy bill for yourself, what stocks do you like? >> there are several ways to play it. companies that have not been able to break out, transcanada comes to mind. a division where lng is a big part of this equation. this could be huge exports for the u.s. if they could find a way to make it affordable and build more ships and terminals. of course there is the etf, people can look at that and primarily what we do is we trade options on futures and futures on the natural gas as well. for those who can handle a little bit more speculation. melissa: thank you for coming on. a lot of people talking about it and really agreeing with you, thank you for coming on to explain your theory and how to make money off of it. >> thank you, melissa. melissa: the cyprus helped to surge a selloff in the oil futures but eventually muscled its way back up $0.29. oil has climbed for seven of the past eight sessions. venezuelan opposition presidential candidate says he will and oil to cuba if elected. venezuela had given about 100,000 girls of crude
to protect ourselves from supply shocks? here to answer that is stephen schork, the energy visionary behind the schork report. always pleasure to have you on the show. >> thanks. great to be here. melissa: steven, you and have been talking about oil for years and years and years. i'm shocked to see this day arrive, that eia says we're insulating ourselves from supply shock with our supply oil here at hom isn't that surprising? >> it is quite amazing. comes back down to the old addage in chicks high prices are the -- economicses is best cure for high prices. we innovated, and brought the gas to market can and natural gas, our natural gas is cheapest in the world. 're seeing that take place in the oil markets. it is quite amazi. five years ago, united states was importing 12 1/2 million barrels a day crude oil. today we're importing about 7 1/2 million barrels a day. as you just alluded to, we're producing 7.2. by the end of this year, the united states will be oducing more crude oil an it imports. quite amazing. no one saw this coming just five years ago melissa: no, absolutely. i remember i
about cyprus. when you look for a safe haven commodity on the energy complex, worried about a slowing economy in europe, oil will crash. usually natural gas gets the benefit because it's like a safe haven. on top of that, when you look at the natural gas market, power generators have gone to gas. they're not going back to coal, at least not for this year. why should they? they're going to get a lot of trouble from the e.p.a. so they're going to stick with gas towards the end of the year. other thing when we talk about natural gas, everybody is going to natural gas. this could be the beginning of a major long term move and that is why the hedge funds are jumping in, in a big way. this could be a long-term position and gas, one that we really like and one that they're adding on to today. 17 month high. back to you. cheryl: and one that big energy companies throughout this country like a lot as well. thank you very much. time to make man. looking at stocks. i follow this company. >> you love this company. cheryl: i do. it's a great company. >> they're hiring people. >> they're hiring peo
off .07%, sandy. sandra: big week for energy markets as well. oil and natural gas posting strong gains. oil ending the week higher by nearly 2% at 93 lynn $45 a barrel while natural gas scoring a gain of nearly 7%. for the week ending at $3.87 per btu, david. david: dade we had one of the indices, consumer price index, talking about inflation. inflation is heating up but interestingly the 10-year treasury yield fell today. that is usually opposite. when you have more inflation yield goes up. today the yield dropping three basis point moving back below 2%. weird to figure out. >>> well the big streak of wins for the dow is over but your winning streak can keep on going. we have top money managers ready to point you towards profits. we look at the business, yes, that's right, ladies and gentlemen, vice. we have all taken --. sandra: we all have ours. david: in some area in the vice world. we'll take you inside the world of legal prostitution in a while with the owner of the world's most famous moonlight bunny ranch. this place is open 24/7. even has its own helicopter pad. sandra: this i
of the day though. you look at data out of the energy information agency saying for first time since 1995 we're producing more oil in this country than we're importing and we are continuing on this path because of recent technology that we're finally producing more than we're bringing in. maybe we become less dependent on this region for oil. does that mean in your opinion our policy, our business in the region in terms of stablizing it, our responsibility, does it change? >> well it could well. i would add natural gas production although it would be largely used in the western hemisphere because oil is a global market and if we're producing more not only for our own consumption here but to be able to tell so friends and allies being less depend enon oil pumped from states that don't have our best interests at heart that will not only have a significant economic impact, it will have a geostrategic impact as well. all to the good from the perspective of the united states and its friends. melissa: ambassador bolton, thanks so much for coming on. >> great to with be with you. melissa: next on "
. energy as the third. liz: okay. >> large cap technology for the dividend but those three i think you've got to have exposure sure to with dry powder right now. liz: let me tell the viewers. things working past five months, at least follow that trend for now, correct. >> yes. david: wow! that is amazing we could see doubling of money they made in housing an financials. george, we were talking a little bit about the consumer sector, retail sector specifically. you think it is good time to buy into mickey d's or mcdonald's now? or again, like we talked about apple, should we wait until it comes down? >> you want to buy mcdonald's. you want to buy coca-cola. you want to buy large cap blue chip names. right now mcdonald's is trading under $100 a share and coca-cola is trading at about 38. david: mcdonald's at 100, george, mcdonald's at 100. it seems a little pricey right now at 100. should i wait for it to come down into the 80s for example? >> you could. you could do the same strategy as i mentioned earlier. david: dollar-cost averaging? >> absolutely. mcdonald's has been up over 1,000%
, new york and republican chairman of the congressional committee, energy and commerce committee, chairman of the communications and technology subcommittee. congressman, great have you with us. are you excited about tomorrow? >> you know, it is always interesting when the president comes to visit washington and certainly up to capitol hill, so we welcome him to hear what he has to say. lou: and what he has to say will be in the form of a budget. we have to wait until apparently the week of april 8. >> this is nearly unprecedented. you have to go back to when warren harding was president. he should have had this. you're at least t months late. if he were the ceo of any major company wouldot be a ceo right now with these limits uses. lou: it would be interesting to see how his shareholders would be behaving. >> a little upset. yes. actually, voters i think are catching on. is job approval number going down. and to say that you are not even going to a chase a balanced budget, we need a balanced budget so that we can grow the economy and jobs to stop having this track with the defic
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